FACT SHEET: White House Takes Action on Climate by Accelerating Energy Efficiency Projects Across Federal Government – The White House

by | Aug 3, 2022 | Energy

New Government-Wide Initiative Will Reduce Federal Energy Costs, Create Jobs, and Cut Emissions

Today, the Biden-Harris Administration announced the Climate Smart Buildings Initiative, which will leverage public-private partnerships to modernize Federal buildings to better meet agencies’ missions, create good-paying jobs, and cut greenhouse gas (GHG) emissions. Through this initiative, the government will dramatically expand its partnership with the private sector to upgrade existing Federal buildings — paying for today’s needed renovations with tomorrow’s energy savings without requiring upfront taxpayer funding.

By setting and meeting emissions reduction targets for buildings, the Climate Smart Buildings Initiative is expected to catalyze over $8 billion of private sector investment by 2030 to modernize facilities through energy savings performance contracts. The initiative is expected to create and support nearly 80,000 good-paying American jobs and achieve up to 2.8 million metric tons of GHG reductions annually by 2030, which is the equivalent of removing 600,000 gas-powered cars from the road. Further, the Climate Smart Buildings Initiative is expected to increase investments from performance contracts from a low of $251 million in FY2021 to a sustained $1.2 billion per year by 2030, a fivefold increase.  

The initiative advances Administration efforts to grow our clean energy industry by developing the next generation of products and materials for a net-zero economy. These modernization efforts include a …

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